ELATE HOLDINGS (00076) issued a profit warning, expecting a shareholders' loss of approximately 14 to 16 million US dollars in 2025, compared to a profit.

ELATE HOLDINGS (00076) announced that the group is expected to incur a loss attributable to owners of the company of approximately $14 million to $16 million for the period ending on December 31, 2025, compared to a profit of approximately $40.3 million for the same period in 2024. The Board of Directors believes that the expected loss for the period is mainly due to a one-time fair value loss of approximately $42.7 million recognized in profit or loss for financial assets and offset by a one-time fair value gain of approximately $22 million for cryptocurrencies. Excluding the one-time fair value loss for financial assets recognized in profit or loss and the one-time fair value gain for cryptocurrencies, the net profit for the period is expected to be approximately $4.7 million to $6.7 million, compared to $1.1 million for the same period in 2024 (excluding the one-time fair value loss for financial assets recognized in profit or loss). The Board of Directors believes that this increase is mainly due to a $5.1 million increase in gross profit, primarily attributable to increased sales volume and pricing adjustments for electronic products transferred to manufacturing and sales operations for key customers.